TDK (OTCMKTS:TTDKY) Shares Gap Down – Here’s What Happened

Shares of TDK Corp. (OTCMKTS:TTDKY) gapped down before the market opened on Wednesday . The stock had previously closed at $18.67, but opened at $18.01. TDK shares last traded at $18.2325, with a volume of 18,679 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised TDK from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

TDK Stock Down 2.5%

The company has a market cap of $35.38 billion, a PE ratio of 26.76, a P/E/G ratio of 1.18 and a beta of 1.30. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. The firm’s fifty day simple moving average is $19.87 and its 200-day simple moving average is $18.31.

About TDK

TDK Corporation, founded in Japan in 1935, is a multinational electronics company that develops, manufactures and sells a broad range of electronic materials, components and systems. The company traces its origins to work on ferrite materials for magnetic applications and has since expanded into multiple product lines that serve the electronics industry worldwide. TDK is headquartered in Tokyo and operates through a network of manufacturing, research and sales facilities across Asia, Europe and the Americas.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors (MLCCs), film capacitors, inductors and ferrite cores; magnetic heads and related magnetic materials; sensor and sensor systems including MEMS-based motion sensors and other sensing devices; and power electronics including power supplies and modules.